A recent Bankrate report lists low inventory, builder's inability to keep up with demand, an influx of new buyers, strict lending standards, low rates, and muted foreclosure activity as the six reasons why they believe no crash is on the horizon.

If inventory is low prices go up, if inventory is high prices go down.  

If you purchased a property, significantly rehabbed the property and immediately sold it thereafter with the intent of flipping it, it will be subject to self-employment taxes.Regarding the taxes you will be subject toFederal TaxesState taxesDepending if it was a flip or not, also self-employment taxes.Speak with your accountant on the actual taxes that will be due as he/she will know what your marginal tax rates are.You can also factor in improvements / selling costs to decrease your gain / taxes.

How to Win Friends and Influence People - Dale CarnegieIf you read and apply the lessons of this book your networking & communication skills in improve significantly.Example: I met one of my best clients years ago and we were recently talking about the day we met.

Some buyer agents like to pick properties in our off-market inventory, they go the extra mile for their client instead of just showing overpriced MLS properties, these agents are usually very successful.

As May rolls into June, the jury is out if we’ll have more inventory.

Daniel gave some great locations to checkout and the hope is there may be a little more inventory available by then.

We immediately did a cosmetic rehab on the property and over the years have made cosmetic improvements.

This is where you can begin to see where there are operational inefficiencies, cost overruns, or areas where income can be improved.

There were a lot of operational improvements that we were able to make right away.